Sharenet Sites 
Sharenet Sites
Trading Statement
WILSON BAYLY HOLMES - OVCON LIMITED
Building and civil engineering contractors
(Registration no. 1982/011014/06)
ISIN No: ZAE 000009932
Share code: WBO
(“WBHO” or “the Company”)
TRADING STATEMENT
The directors of WBHO hereby advise shareholders that, in respect of the unaudited consolidated results for
the six months ended 31 December 2014, total earnings per share (ie continuing and discontinued operations)
will increase by up to 5% (548 to 576 cents per share) in relation to the comparative period (548 cents per
share), while headline earnings per share for same period will decrease by between 5% and 10% (528 to 557
cents per share) in relation to the comparative period (586 cents per share).
The results in respect of the comparative period, being the six months to 31 December 2013, are to be
restated in accordance with International Financial Reporting Standards (IFRS) in order to disclose the results
from the discontinued operations reported upon at 30 June 2014 as well as a further business from within the
construction materials segment which has met the requirements for classification as a discontinued operation
in the current six months.
As a result of the restatement, earnings per share in respect of continuing operations is expected to decrease
by between 10% and 15% (547 to 579 cents per share) in relation to the restated comparative period (644
cents per share), while headline earnings per share in respect of continuing operations is expected to decrease
by between 15% and 20% (519 to 552 cents per share) in relation to the restated comparative period (649
cents per share)
The reasons for the decrease in earnings for the six months to 31 December 2014 relate predominantly to
poor performances from both Australian civil businesses, namely WBHO Civil and Probuild Civil, as a result of
three material loss-making projects.
The remaining business segments have performed largely in line with management’s expectations, full details
of which will be disclosed in the unaudited consolidated results to be released on SENS on 23 February 2015.
This statement has not been reviewed or reported on by the company’s auditors.
By order of the board
Johannesburg
10 February 2015
Sponsor: Investec Bank Limited
Date: 10/02/2015 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
